Market
Research
Market research will help you to locate good niches to work
with online. A niche is basically a topic or a market that you
can develop a website or a product around.
One
of the things that I hear most often from people who would like
to start their first online business is this: "I
don't know what topic I want to use" or "I
haven't found a niche yet".
If
this is YOU, following the steps outlined below
will help you find your niche TODAY!
Even
if this isn't YOU, you can easily use these same tips to EXPAND
on what you already have! (Or see: How
to Expand On Your Niche)
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Market Research - Locating Niches
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This is very simple, and requires only two tools - both of which
are FREE to use. Start out by making a quick list of 5 things
off the top of your head. Just five very general off-the-top-of-your-head
things.
Example:
Bird
Garden
Swimming pool
Grill
Birthday
Everyone
will have a different list, obviously. If you have a hard time
coming up with 5 things off the top of your head, step outside
and look around - or browse through a magazine you have nearby
until 5 things come to you.
Go
to Overture's Search Term Suggestion Tool
Start
with the first word/phrase on your list, and type it into the
search box. Using my example list above, I'll type in "bird".
Here are the first few results (showing the number of times
each term was searched last month):
372923
bird
170576 bird house
146621 bird watching
130362 bird feeder
110256 bird bath
100609 bird t shirt
99064 bird watching tour
97678 bird cage
96375 bird figurine
92860 bird watching vacation
85051 bird flu
75391 humming bird
66766 exotic bird
57663 bird jewelry
52324 bird food
51515 bird lover gift
The word "bird" is entirely too generic, obviously
- so I am going to choose one of the terms listed above.
NOTE:
If I were going to build a large content-based website,
I would choose one of these terms as my "niche" and
then dig deeper to choose categories and sections for the inner
pages of this site.
If
I were going to build a Mini-Site or a "Micro-Niche
Site", or possibly develop a product around a
particular niche, then I would choose a general topic from the
list above and continue "digging" until I found a
specific micro-niche to work with.
Two
of the phrases above appeal to me: "bird watching"
and "bird feeder". It was just a personal preference
- there was no logic or 'marketing magic' that went into that
decision. The fact is, you can "dig" any topic or
niche you like... even ALL of them if you really want to compare
them!
While you are on that Overture Search Term results page, you
can simply click on one of the terms to "dig deeper"
and bring up a page that only shows phrases that include "bird
feeder" (or whichever phrase you clicked on).
You
want to look over that list very carefully to see what 'stands
out' to you, and also compare the results with those you get
using the free trial at WordTracker.
Go
to WordTracker's Free Trial
NOTE:
You will get different results from WordTracker than you do
at Overture. Each of these tools gets their results from different
sources. Also, Overture shows you the number of searches per
MONTH, and WordTracker shows you the approximate number of searches
per DAY.
What stands out to me about Bird Feeders? Looking over the list,
I notice "how to make", "how to build",
"homemade", "plans" etc. These people are
looking for free information.
I
also notice on WordTracker's results (for "bird feeder")
this phrase which gets approximately 142 searches a day: "buy
bird feeders online".
Now
if that isn't a "money phrase"...
I don't know what is! The searcher that types that into their
search box is obviously looking to BUY a bird feeder
ONLINE.
A
quick look at the Google search engine results for that term
tells me that it is NOT very competitive - that a person could
easily obtain a top 10 ranking for "buy bird feeders online".
(You
determine this by looking at how many Inbound Links those pages
have - and the quality of those links. If you need help with
Competition Analysis, join us at the SSWT
Discussion Forum in the SEO Section)
You could easily put up a mini-site featuring various types
of bird feeders, or put up a large information site about bird
feeders and direct your traffic to your sales pages, and also
earn revenue on Adsense.
How
would you know what type of information to use on a large content
site? Simple: look down the list of topics listed at Overture
or WordTracker for ideas! Those keyword lists that are just
more specific terms than the one you originally typed in, will
make great navigation for your site (with a bit of pruning).
Let's take another word from my original "list of 5".
We'll look at: Birthday. Looking over the results on both Overture
and WordTracker, "birthday cake" looks to be a fairly
popular search so I'll dig there.
Now
everyone has a birthday... and birthday's aren't seasonal, or
limited to certain geographical locations. And since "birthday
gifts" and "birthday party supplies" are both
VERY popular, you certainly wouldn't have any problem finding
link partners or JV Partners if you decided to create a website
or product around "birthday cakes".
A
quick look at the Google results for "birthday cake design"
(140 searches/day) shows that it is NOT very competitive, and
someone could *easily* rank in the top 10 for that term!
Even
"birthday cake" which has over 1500 searches a day,
isn't *that* competitive!
I'll stop there and let you work on researching your own interests
& potential keyword phrases for new niches. You should be
able to EASILY come up with a niche for your own website or
your own product by the end of the day (if not by the end of
the hour *wink*).
To
learn even more about researching Niche Markets,
grab this FREE REPORT on "Finding Products That SELL!"
Click Here -> www.webservicenetwork.com/free-report.htm
In this report, you'll find out "how to locate little-known
areas where the "fish are biting". Paul even shows
you how to use PayPal for niche marketing research...
and much more! It's
free, so be sure to grab your copy: webservicenetwork.com/free-report.htm
The Easy
Way to Create an Endless Stream of Income-Generating
Websites in MINUTES -- not days or weeks... Check
it Out!
Also
See these recent issues of the SSWT Newsletter:
How
to Expand On Your Niche
Understanding
Keywords: Choosing Them & Using Them
Optimizing
for Search Engines AND Visitors
Pricing:
How Much to Charge, When to Give it Away